March update: should you buy or sell Dish Network?

By: Stanko Iliev
Stanko Iliev
Stanko dedicates himself to providing investors with relevant information they can use to make investment decisions. He loves the… read more.
on Mar 15, 2021
  • Dish Network shares advanced this Monday more than 4%
  • If the price jumps above $40 resistance, the next target could be around $45
  • Dish will acquire a mobile virtual network operator Republic Wireless

Dish Network (NASDAQ: DISH) shares advanced this Monday more than 4%, and they can still offer strong potential returns for long-term investors.

Fundamental analysis: Dish will acquire a mobile virtual network operator Republic Wireless

Dish Network Corporation is an American television provider that also offers mobile wireless service to more than 9 million customers. The company continues to improve its position in the market, and if you are looking for a solid return potential, shares of this company are not a bad choice.

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Dish Network reported Q4 results in February; total revenue has increased by 40.7% Y/Y to $4.56B while Q4 GAAP EPS was $1.24 (beats by $0.47). Total revenue has increased above expectations, and the company closed the quarter with 11.29 million pay-TV subscribers.

According to the latest news,  Dish will acquire a mobile virtual network operator Republic Wireless, and this deal is expected to close in the second quarter. This announcement marks an important milestone and one step forward to the company’s plans to become the fourth major U.S. wireless carrier.

“As we continue to grow our retail wireless business, Republic broadens our existing customer base and positions us to deliver even more value to the market, expanding our portfolio of mobile solutions to meet a variety of customer needs,” said Dish’s John Swieringa.

The positive news is that DraftKings and Dish announced a strategic agreement, and according to this agreement, Dish customers will be able to access the DraftKings app to view betting odds and fantasy contests.

My opinion is that Dish Network is a stable company that expects to achieve healthy revenue and earnings growth in 2021. Dish Network Corporation stock is reasonably valued, and it can still offer strong potential returns for long-term investors.

Technical analysis: Dish Network shares advanced this Monday more than 4%

Dish Network shares advanced this Monday above the $38 price level for the first time this year, and technically looking, shares of this company could advance even more in the upcoming days. Dish Network has strong fundamentals, and buying shares at the current price may bring success over a longer period of time.

Data source: tradingview.com

The important support levels are $35 and $30; $40, $45, and $50 represent the resistance levels. If the price jumps above $40 resistance, it would be a signal to buy shares, and the next target could be around $45.

On the other side, if the price falls below $35, it would be a firm “sell” signal, and the next target could be around $30.

Summary

Dish Network continues to improve its position in the market, and according to the latest news,  Dish will acquire a mobile virtual network operator Republic Wireless. Dish reported Q4 results in February; total revenue has increased by 40.7% Y/Y to $4.56B while Q4 GAAP EPS was $1.24 (beats by $0.47). The company’s business has proven stability throughout the Covid-19 pandemic, and shares of this company look like a good value investment.

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